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Huawei Technologies aims to launch the world's most powerful AI computing clusters within two years, despite U.S. chip restrictions. The company plans to release Atlas 950 and 960 "SuperPoDs," interconnected computers using numerous domestic chips, to compete with global AI leaders.
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News and Media
Roche is set to acquire 89bio for up to $3.5 billion, gaining access to the promising liver disease drug pegozafermin. This move complements Roche's recent forays into the weight-loss market, reflecting a broader strategy to address metabolic diseases. The acquisition underscores Roche's commitment to therapies for cardiovascular, renal, and metabolic conditions.
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News and Media
Nestlé, the global food giant, is undergoing significant changes. New CEO Philipp Navratil is tasked with reviving the company's performance. This follows leadership turmoil and a scandal involving the former CEO. Chairman Paul Bulcke has also retired earlier than planned. The company grapples with falling share prices and strategic missteps.
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News and Media
Urban Company's shares have soared, exceeding expectations after a blockbuster IPO, reaching a 69% gain over the issue price. While analysts suggest booking partial profits, they also highlight the company's strong market position and growth potential. The company recently turned profitable with a net profit of Rs 240 crore in FY25, further fueling investor interest.
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News and Media
Platinum is emerging as a top performer in 2025, with prices soaring nearly 57% year-to-date. A significant market deficit, driven by declining mine output in South Africa and robust demand from the automotive and jewelry sectors, fuels this rally. Chinese and Indian buyers are increasingly favoring platinum over gold, further boosting demand.
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News and Media